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Gasoline hits $3.80 per gallon on expectation of supply dip in April; oil, natural gas drop
NEW YORK (AP) ' The price of gasoline has reached $3.80 per gallon after jumping by nearly a nickel over the weekend.
Experts say pump prices are rising on the expectation that supplies will dip next month while refineries switch from winter to summer gasoline blends. Forecasts see gas rising as high as $4.25 per gallon in late April.
Drivers in Hawaii are paying the most at $4.44 per gallon, while those in Wyoming are paying the least at $3.30 per gallon.
Meanwhile, oil prices fell $1.43 to $105.97 per barrel in New York after Chinese trade data suggested a weakening global economy. Natural gas dipped to a new 10-year low at $2.25 per 1,000 cubic feet.